Texas is now the nation's top powerful state in a key category: the number of Fortune 500 companies that consider the state home. With 53 Fortune 500 corporate headquarters calling Texas home, the state's business-friendly climate and skilled workforce surpassed 51 corporate headquarters in New York and 50 in California. Houston and Dallas were included in the list of the five most important municipalities in the country for Fortune 500 companies, with 21 and 11 respectively. Having so many diverse Fortune 500 companies based in Texas is an important indicator of the strength and durability of the state's economy, said Robert Allen, president and CEO of the Austin-based Texas Economic Development Corporation. In addition, Houston and Dallas are among the top five municipalities in the country for Fortune 500 companies, with 21 and 11, respectively.
Twenty-four companies on this year's list are based in the Houston metropolitan area, and 21 of them are within city limits. Texas is now home to a total of 97 companies on the expanded Fortune 1000 list this year. Forty-three of those living in the Houston area. The process by which companies leave their homes to come to Texas has not yet ended either. Plains GP Holdings holds a non-economic controlling general partner interest in Plains All American Pipeline, which is one of the largest infrastructure and logistics companies in North America.
Halliburton Company delivers products and services, including digital solutions, to the energy industry. Texas Instruments is a global semiconductor company that designs, manufactures and sells processing chips. Waste Management offers comprehensive waste management services, including garbage collection and recycling, construction waste disposal and more. Fluor Corporation offers professional and technical solutions for engineering, procurement and construction projects around the world. Having so many Fortune 500 companies based in Texas is an indication of the strength and durability of the state's economy.
Industry-leading companies of all sizes are growing in Texas due to its business-friendly climate and skilled workforce. The presence of these large corporations also provides numerous opportunities for residents to work with Fortune 500 companies. Concordia University Texas is located in Austin, providing students with abundant opportunities to work with Fortune 500 companies. The presence of these large corporations also provides numerous opportunities for residents to work with Fortune 500 companies. Find out what makes Houston attractive to companies across a wide range of industries.
Get up-to-date research and analysis on Houston's economy. Make significant impact and drive change in Houston by joining The Partnership region. There's no limit to what Houston offers residents. Find out what life in Houston is all about by staying up to date on what's happening with The Partnership region and the greater Houston area by opting to receive information on upcoming events, news, data releases and more.